U.S. health care expenditures rose 6.7% in 2006, the governmentrecently reported. According to the Centers for Medicare andMedicaid Services, total health care expenditures exceeded $2.1trillion, or more than $7,000 for every American man, woman,and child.1 Medicare costs jumped a record 18.7%, driven bythe new privatized drug benefit. Total health care spending,now amounting to 16% of the gross domestic product, is projectedto reach 20% in just 7 years.
Relentless medical inflation has been attributed to many factors— the aging population, the proliferation of new technologies,poor diet and lack of exercise, the tendency . . . [Full Text of this Article]
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Mr. Kuttner is co-editor of the American Prospect and a senior fellow at Demos, a New York–based public policy research and advocacy organization.
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